GFL Environmental (NYSE:GFL) Given New $54.00 Price Target at Truist Financial

GFL Environmental (NYSE:GFL) had its price objective upped by equities researchers at Truist Financial from $46.00 to $54.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 17.62% from the stock’s previous close.

GFL has been the subject of several other reports. Scotiabank lifted their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a report on Friday. UBS Group lifted their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James lifted their price target on shares of GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada lifted their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $45.30.

GFL Environmental Stock Performance

GFL opened at $45.91 on Friday. GFL Environmental has a 12-month low of $26.87 and a 12-month high of $45.99. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $17.29 billion, a PE ratio of -30.61 and a beta of 1.15. The firm has a 50 day moving average of $40.73 and a two-hundred day moving average of $38.22.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. On average, analysts anticipate that GFL Environmental will post 0.61 EPS for the current year.

Institutional Investors Weigh In On GFL Environmental

Large investors have recently modified their holdings of the business. Seven Grand Managers LLC purchased a new stake in shares of GFL Environmental during the third quarter worth $1,994,000. Toronto Dominion Bank grew its holdings in shares of GFL Environmental by 33.8% in the first quarter. Toronto Dominion Bank now owns 74,152 shares of the company’s stock valued at $2,558,000 after purchasing an additional 18,742 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of GFL Environmental by 143.9% in the first quarter. Janney Montgomery Scott LLC now owns 17,628 shares of the company’s stock valued at $608,000 after purchasing an additional 10,400 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of GFL Environmental in the first quarter valued at about $459,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of GFL Environmental by 115.3% in the third quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company’s stock valued at $1,977,000 after purchasing an additional 26,542 shares during the period. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Company Profile

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.